Repton Development Company Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05809898 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Repton Development Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D S Sandhu

R S Sandhu

SECRETARY:

R Sohal

REGISTERED OFFICE:

3 Charnwood Street

Derby

DE1 2GY

REGISTERED NUMBER:

05809898 (England and Wales)

ACCOUNTANTS:

Bourne & Co.

Chartered Accountants

3 Charnwood Street

Derby

Derbyshire

DE1 2GY

CURRENT ASSETS

Stocks

937,995

822,343

Debtors

1,942

1,558

Cash at bank

2,366

540

942,303

824,441

CREDITORS

Amounts falling due within one year

14,130

3,644

NET CURRENT ASSETS

928,173

820,797

TOTAL ASSETS LESS CURRENT LIABILITIES

928,173

820,797

CREDITORS

Amounts falling due after more than one year

999,189

882,642

NET LIABILITIES

(71,016

)

(61,845

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(71,116

)

(61,945

)

SHAREHOLDERS' FUNDS

(71,016

)

(61,845

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 February 2016 and were signed on its behalf by:

R S Sandhu - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The validity of this is dependent upon

the continued support of the director's. The director's have indicated their willingness to maintain their financial

support to the company for a period of at least 12 months from the date of the approval of the accounts.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100